Mercatox cryptocurrency exchange – March 2019

[chamhongu]

Digitalworldexchange (DWE) swap
Dear Users,

Digitalworldexchange (DWE) has changed its ticker to Boostedpro Coin (BPC) and migrated to ERC20.

Boostedpro Coin (BPC) new contract - https://etherscan.io/token/0x239836e951dd75fea01bef8ba039119dc8d5352f

Swap process successfully completed.

Please pay your attention and send only that Boostedpro Coin (BPC) to your deposit address.

We do not accept deposits from the old blockchain.

Good luck in the forthcoming trades.

[chamhongu]

Deposit and Withdrawal Options


At present, Mercatox deals purely in cryptocurrencies. It has no support for fiat currencies and as such you will be unable to fund your Mercatox account through traditional funding methods such as bank transfer or credit cards. Instead, you fund your Mercatox’s account using cryptocurrencies. Mercatox provides its clients with a multicurrency wallet with the following type of digital currencies below.


Fees and Charges
In terms of trading fees, Mercatox charges 25%. For withdrawals, the fees depend on the type of cryptocurrencies. The following table below gives an indication of the fees that Mercatox charges for withdrawals:

CURRENCY   WITHDRAWAL FEE
Bitcoin (BTC)   0.0005 < FEE < 0.005
Ethereum (ETH)   0.002
Dogecoin (DOGE)   2
Litecoin (LTC)   0.001
DASH (DASH)   0.001
Bitcoin Gold (BTG)   0
Privacy
Like most cryptocurrency exchanges, Mercatox differentiates between unverified account and verified the account. Naturally, with verified accounts, the withdrawal limits are higher. Nevertheless, unverified accounts can still make BTC withdrawals limited to 0.5 BTC per day. For the verified account holders, they can withdraw up to the equivalent of 5BTC per day.

As for the security at Mercatox, the exchange does not provide any information regarding their security setup.

Customer Support
To cater to their multi-lingual clientele, Mercatox has made its website available in 3 different languages, English, Russian and Chinese.  For the customer support service, you can reach out to the support team through email or through the support center.

Pros and Cons
Pros
Intuitive Platform
Margin Trading available
Wide selection of cryptocurrencies
Multicurrency Wallet
Cons
No support for fiat currencies

FAQ
What is Mercatox?
Mercatox is a multifunctional cryptocurrency exchange that provides its clientele with a variety of services related to cryptocurrencies.

What types of cryptocurrencies does Mercatox offer for trading?
At present, Mercatox offers trading services for Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, OkPay, Payeer, PerfectMoney and Ya.Money.

What are the trading fees at Mercatox like?
Mercatox charges a flat fee of 0.25% when executing a trade.

Do you accept fiat currencies deposits?
No. At present, Mercatox does not support fiat currencies deposits or withdrawals.

Conclusion
Overall, what Mercatox is attempting to create is a cryptocurrency marketplace that is able to meet the diverse needs of its clients. As to whether the exchange will be successful with its endeavor in the future, only time will tell. As for now, the services remain below par when compared to what the leading exchanges are able to offer.

[chamhongu]

Education (LEDU) swap
Dear Users,

Please be informed that Education (LEDU) team has initiated swap procedure.

According to this please withdraw all LEDU token.

For further instructions and communication with the developers, use the following link:

https://ledu.education-ecosystem.com/

Good luck in the forthcoming trades.

Mercatox team

[chamhongu]

LCC, TTN and BCH update
Dear users!

Please be informed that Litecoin Cash (LCC), Titan Coin (TTN) and Bitcoin Cash (BCHABC) update processing successfully completed.

Deposits and withdrawals are already opened.

Also please pay your attention that all users have a new Titan Coin (TTN) and Bitcoin Cash (BCHABC) deposit addresses.

Kindly use the new addresses, in order not to lose your funds.

Good luck in the forthcoming trades.

Mercatox team

[chamhongu]

Mercatox exchange is our today’s topic to review, if you are searching for Mercatox review then keep reading because today here at BlockchainBiome we will make sure to answer all your questions regarding Mercatox Exchange likeMercatox fees, is it safe or not, how to use etc.

Everything is changing and that too at a very past face and so is the financial world. With time, everything is turning into digital and digital currencies are now on the go. The world that once was all about hard cash no longer exists and in the present time, it is all about e-currency and cryptos. With Bitcoin and its invention, everything has gone downstream and the fact that it has helped people get what they want leaves no scar to portray the truth.

This is what has brought the need for exchange and this is exactly why we need it so much.

So, let’s shift our focus to a platform that aims in serving something like the way we want it.

Mercatox Exchange Review: Introduction
Mercatox Review
In the evolving era of technology, shopping is something we all prefer to do manually, especially clothing items. Brands with unlimited assurances and guarantees are accessible in tons, though the individuals who tail them are a bunch in number. Trust issues with what a product looks in the picture and how it differs in reality continues.

From my personal experience, everyone tries at least once to rely on their chosen online store and has once ordered things to verify its quality. 70% of them are disappointed with the services and have opted out. I recently encountered an incident myself. There was a clothing site called ‘clothing hearts’. The outfits posted on display were very catchy and at 20% discount. The offer mesmerized me.

But being at the safer side, I read terms and conditions that promised a 7-day return policy. I cheerfully ordered one piece for myself. When the dress was delivered, all my joy ended up. It wasn’t stitched properly and gave a shabby look when worn. Added to this, the contact number, email-id on the site never responded. I ended up wasting my precious pocket money for that.

Wrapping up Mercatox Review
Mercatox exchange aims to provide a platform to benefit every link (buyer or seller) and impart knowledge to people about the strength of emerging Crypto world.

The potential of blockchain technology is still veiled from everyone. Mercatox project wants to take initiative to connect everyone and take blockchain and Cryptocurrency to next level. It hopes for a progressive nation that could launch anywhere it targets!

Let’s leave it on time to decide the multiple advantages it is going to bring on for the users and the multiple supplements it will bring forward in front of them in the coming time. The show will surely be worth the watch and help in growing in the coming time.

[chamhongu]

Mercatox Fees
Mercatox charges a 0.25% fee per trade to both its buyers and sellers. While there are no deposit fees, withdrawal fees apply and vary depending on the currency you wish to withdraw.

The withdrawal fees, minimum deposit amounts and the minimum withdrawal amounts of some most popular cryptocurrencies are shown in the table below, but you can find the full list of fees for all currencies on the Mercatox website.


Trading Instruments (Cryptocurrencies)
There are more than 100 cryptocurrencies available for trading on the Mercatox platform, including the company`s own token, Merca.

According to the website of the exchange, you can trade on the exchange using the most popular currencies: Bitcoin, Litecoin, Ethereum, Payeer, PerfectMoney, OkPay, Ya.Money, Dogecoin, Dash (more to be added).

You can buy, sell, exchange and also lend these coins. But, Mercatox does not support automatic convert feature.

Accepted Deposit Methods
Mercatox accepts deposits in the following cryptocurrencies:

BTC
DOGE
DASH
ETH
LTC
You can also deposit US dollars (USD), euros (EUR) or Russian rubles (RUB) using one or more of the following electronic payment methods:

OKPAY
Payeer
Perfect Money
Qiwi
Yandex Money
Unfortunately, the company does not offer bank wire transfer and credit cards options.

[chamhongu]

Pricing
There are a few fees to be aware of before customers start trading with Mercatox. For every trade that takes place on the platform Mercatox imposes a fee of 0.25%. This is a clear and transparent pricing structure that does not attempt to disguise the fees being charged, which is certainly a welcome approach. Deposits to the site are completely free, but there are charges for withdrawals which vary according to the method used to withdraw funds.


Customer Support
For those customers in need of some basic advice, the first port of call should be the FAQ section of the Mercatox site, although it must be said that it is not very large. If more information is required – and it may well be – then traders can contact the support team via either email or live chat. The customer support staff will be able to deal with queries in any of the three languages supported on the site: English, Chinese or Russian.

Conclusion
ApprovedMercatox is a good no-frills option for those people who want a platform for trading in cyber-currencies and electronic currencies without paying a hefty premium. There is a decent selection of cryptocurrency pairs to choose from and the trading process is very straightforward. Some will be put off by the absence of FIAT currencies and restrictions in methods for funding the account, but over half a million traders have signed up to Mercatox so it is clearly finding its market in a competitive industry.

[chamhongu]

General Information


Mercatox itself states that it is a “modern service for accessing e-currency and cryptocurrency exchange markets” and furthermore that it is a “convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced traders as well as beginners.” We agree with that statement based on our impressions of Mercatox.

The platform launched in October 2015 and on the date of last updating this review (18 July 2019), they informed on its website that it had 579,071 users. These users had in aggregate executed 17,537,044 deals totally worth 651,791 BTC. On the same date, the platform’s 24 hour trading volume was USD 16.2 million. This trading volume is not particularly impressive, although it qualifies Mercatox into the top 100 list of exchanges in the world with the highest 24 hour trading volumes (place no. 84).

As three of its advantages, the exchange states that it has low fees, a loyalty program and an affiliate program. We will go into more detail on the fees below (see Mercatox Fees), but we can already here say that the fees are not low. They are at best in line with industry average.

Mercatox Benefits

US-investors
Mercatox does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).

Verified & Unverified
Mercatox – like many other exchanges – makes a difference between unverified accounts and verified accounts. With verified accounts, the withdrawal limits is higher. Unverified accounts can still make BTC withdrawals limited to 0.5 BTC per day. If you are a verified account holder, you can withdraw up to 5 BTC per day.

Mercatox Fees
Mercatox Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. The level of the flat trading fee is 0.25%. This is perfectly in line with the industry average that is arguably also on 0.25%.

[chamhongu]

Bitifex (BITX) swap


Dear Users,

Bitifex (BITX) swapped to a new contract -

https://etherscan.io/token/0x87f84ec5c9ba8ab334807171d65faa86cf67f149

Please pay your attention and send only that Bitifex (BITX) to your deposit address.

We do not accept deposits with the old contract address.

Good luck in the forthcoming trades.

[chamhongu]

How To Trade


It is free to open an account with Mercatox, and after that it is simply a matter of funding the account using one of the available payment methods. Note that the account may only be funded using one of the cryptocurrencies offered for trade at Mercatox and FIAT currencies such as USD, EUR or GBP cannot be used.

Once the account has been funded, traders can buy or sell electronic and crytpocurrencies using the available currency pairs. Mercatox claim to offer the most profitable rates available on the market so that investors will not need to look elsewhere to get a better deal.

Promotions & Loyalty Programmes
There are no standard promotional offers available at Mercatox, at least not at the moment, but there is a rather original way to earn extra benefits from this site via their Loyalty Programme. A traditional loyalty plan rewards people based on the amount of trades they make, or the size of their accounts.


Mercatox have taken a different approach, whereby they are offering rewards for those who spread the word of their site. Bloggers, YouTubers, social media users and commenters can all earn rewards by promoting Mercatox. There is no fixed reward scheme as of yet, but those rewards will include discounted trading fees, double affiliate rewards and payment of interest.

Educational Resources
Mercatox have not really invested in educational resources on their site, so is advisable to have some knowledge of cryptocurrency trading before signing up with the platform. There is a News section on the site, but this is mostly used to announce new markets or promotions rather than to provide trading advice. The best suggestion is to search elsewhere for trading tips, and then put those suggestions into action using the Mercatox platform.

Trading Tools
The tools available from the Webull app allow investors to carry out fundamental and technical analysis. Investors can take advantage of analyst recommendations to assist with trading advice and tips. There is also data on revenue and historical earnings per plus stock information such as earnings, dividends and stock splits and news feeds with the latest information on the markets’ performance.

Bollinger bands, MACD and other indicators can be integrated with the range of charts which update in real time. Investment research tools include insider holdings, stock screeners, financial calendars, historical EPS as well as watchlists and alerts. As a total package, Webull offers a very comprehensive selection of investment tools to allow traders to gain valuable insight into the performance of the markets.

[chamhongu]

Do you remember about our API?
Dear users!

We want to remind you that Mercatox Public API is working in normal mode.

The working Public API does not require the use of authorization and is accessible using a GET or POST request.

The URL for accessing the API is as follows https://mercatox.com/api/public/v1/{endpoint}?{params}


There is a list of queries that you can use:

- asset

The assets endpoint is to provide a detailed summary for each currency available on the exchange.

- ticker

The ticker endpoint is to provide a 24-hour pricing and volume summary for each market pair available on the exchange.

- orderbook

The order book endpoint is to provide a complete order book with full depth returned for a given market pair.

- trades

The trades endpoint is to return data on all recently completed trades for a given market pair.

For more information and updates, please refer to the latest API documentation - https://mercatox.com/api/docs/v1#public-endpoints .


Also we want to share with you great news that in the near future we will launch Private trading API and Websocket API.

Thank you for choosing Mercatox.

[chamhongu]

Established in 2016, Mercatox is one of the emerging peer-to-peer cryptocurrency exchanges. This exchange is known for providing cryptocurrency trading services for a 0.25% fee on all trades. The platform permits traders to trade more than 100 cryptocurrencies. Traders from all over the world can access a wide range of currency pairs along with a multi-currency e-wallet. The platform is basically established to match buyers with sellers.Image result for Mercatox

Besides cryptocurrency trading, Mercatox offers several other services to its clients such as lending platform and payment services.

Choosing the right cryptocurrency trading platform plays a vital role in enhancing returns from volatile cryptocurrency markets. This guide will help crypto investors in understanding the key features and functions of this platform along with its regulatory status.

❌ Is Mercatox Recommended?
We do not recommend Mercatox for cryptocurrency trading because this platform is neither regulated nor licensed from any government authority. Headquartered in London, UK, it is not licensed by the Financial Conduct Authority. Several cryptocurrency exchanges are operating without any license. Thus, scams and violation of trading standards are significantly high in crypto trading compared to other assets. Therefore, investors are suggested to be aware of fraud schemes that are exploiting the hype around crypto coins.

Though the majority of cryptocurrency exchanges are unregulated which increases the risk of scam and illegal practices, traders can use regulated brokers platform for crypto trading.

How Does Mercatox Work?

Mercatox is seeking to attract customers from all over the world by offering them a platform in various languages such as English, Chinese and Russian. It has developed simple to use platform that let traders trade multiple crypto coins. Traders can view prices from both the e-currency market and the cryptocurrency markets.

With its proprietary web-based trading platform, traders can easily set the price, order type, and the amount combined with the direction of the trade. The platform permits traders to view the transactions history in the order book window. Margin trading is also available on this platform and it permits traders become a lender. Actually, Mercatox platform is seeking to cover multiple areas of investing to expand their customer’s base.

[chamhongu]

Mercatox Review



You have seen our ranking of the most used exchanges and you wonder which exchange to buy cryptocurrencies on ?

Here is an analysis of Mercatox, one of the most volume-generating exchanges for cryptos that are still not very well known.

Introduction
Mercatox is an exchange with the particularity of offering cryptocurrencies that are still not very well known on the market, so it is “The Place to Be” to buy cheap cryptocurrencies with a high pump potential if they are then listed on larger exchanges like Binance.

Mercatox has to date (08/02/2019) a trading volume of more than 5 million dollars, which is certainly well below the biggest in the sector, but which is quite honorable for an exchange that almost exclusively offers not generally known coins.

This type of exchange is perfect for more experienced people who are willing to take more risks on cryptos with a higher pump potential.

The interface is quite simple to use, but still requires a short adaptation time.

Registration is very fast, it is possible to trade on the platform very quickly without having filled in a KYC.

About a hundred recent crypto-currencies are available and one or two cryptocurrencies are added every day.

However, it should be noted that the platform only offers the order type “Limit”, and not “Stop” or “Market” which had to be added a long time ago.

Summary
analysis mercatox
The scores are out of 20, they are subjective, you may not have the same appreciation for them.

User Interface 18/20: It includes the general opinion of the interface, its reactivity, its coherence, its efficiency and the user friendliness of the exchange for a beginner

Means of protection 17/20: Exchange and connection on the platform are taken into consideration.

Customer Service 15/20: We deal here with the responsiveness of customer service.

Choice of currencies 19/20: For the number of cryptocurrencies present on the platform, as well as their volume of exchange.

Fees 18/20: Level of fees in comparison to other exchanges.

[chamhongu]

Scheduled system maintenance
Dear users!

Due to planned ETH processing upgrade, our service will be unavailable for users from 9-00(GMT) approximately for 30 minutes!

We apologize for any inconvenience that might be caused by this.

Thank you for staying with us.

Mercatox team

[chamhongu]

​Maintenance completed
Dear users!

Maintenance work due to ETH processing upgrade successfully completed.

Service is fully accessible.

Good luck in the forthcoming trades.

Mercatox team